Retail stocks with significant exposure to Vietnamese manufacturing climbed on Wednesday, according to Barron's. The gains followed Trump’s announcement of a new trade deal, which lowers tariffs on goods from Vietnam to 20%, down from the 46% proposed in April. Apparel and furniture sellers with manufacturing in Vietnam, such as On Holding, Nike, Wayfair, Williams-Sonoma, and The Lovesac Co., were among the top gainers. Trump’s tariffs on Vietnamese goods were initially among the highest announced in April, but markets anticipated a reduction through ongoing negotiations. The new 20% rate matched analyst expectations, helping drive Wednesday’s rally.
